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daily gain in more than thee years ago china gets ready to chart its new economic plan. domestic demand is strong enough to keep the lid on growth. >>> european markets get a lift from the latest european market data showing the private sector has expanded for the first time since april and signaling europe could avoid a recession in q4. >>> and japan's business sentiment sours in the fourth quarter. this reading comes two days before a nationwide vote that suggests it will hand the ldp position a landslide win. >>> we're going to give you all the latest results from the flash december data for the pmi for the eurozone that we're just getting out. the overall, the deposit is a touch stronger for the month of december. the details show the manufacturing weakened slightly and its services strengthened slightly. they are overall still in negative territory. and we're seeing the euro/dollar respond a little bit to the downside. down about 0.01% trying to fight back into flat on the day. 130.75 is the level there. again, the services pmi is at 47.8. compared with the 47 that was expected. it
. and then we'd like to improve our ties with china. as for the senkaku islands, we retain the stance they are japanese territory. we have to clearly show this policy to the chinese side. on the economic front, unless we change the current situation where annual income dwindles year after year, young people will not be able to have hope in their lives. we have to change this dire situation. that's our mission. we need to get out of the deflation as soon as possible, and that was part of our party's pledge. we will be compiling a sizeable suppleme suppleme supplementary budget. >> as abe prepares to move into the province's office, noda is preparing to move out. he's also stepping down as the leader of the democratic party. >> translator: at this time, the results of the general election are coming in, and the dpj has been handed a very stern verdict by the people. but it's the people's decision, and therefore, we take it seriously. all the results have been calculated. i have to assume responsibility for leading the party into this very serious position, and i've decided to step down
to china's extravaganza. most charismatic, pat? >> rg3. redskin rookie of the nfl. maybe mvp. has set this city on fire. >> marco rubio. senator from florida whose articulate to the point of almost being dem ogic. . but he is a riveting speaker and he has a future. >> are you afraid of him. >> no. i just pointed out his attributes. >> he is richly republican. you know that? >> right. but the democrats have their bench, too. >> i mean, after that, you know, the democrats still going to embrace you? >> i still think that bill clinton's speech at the democratic convention was the most exciting moment of that convention. turned around the whole convention and once again revealed the great talents of bill clinton. >> does he save it? >> you are showing your brilliance again. >> i absolutely agree. a better job than barack obama did. >> i want to add to the clinton tribute. the most charismatic bill clinton. for stellar performance of the democratic national convention. his 40 minute speech was critical for a second term for barack obama. it redefined the global economic crisis. he describ
think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particular will be dominant. it will be stronger than its been anytime since middleages. there will be no more pax americana as its known. china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you som
other. they discovered they were twin sisters separated from birth in china it is against the one of the girls was given up for adoption. they share mannerisms and they were married in the same year. the husband has the same first name. >> steve: and they dress alike. >> gretchen: what a fantastic story. the rest of the headlines ttook over 50 years for the murderer of a 7 year old to b brought to justice. jack mccullah will be sentenced for the murder. it is one of the oldest unsolved crimes. he was dismissed as a suspect but arrested last year after the investigation reopened. >> steve: meanwhile a 22 year old woman in oregon jumped in her car and drove off after two kids tried to rob her at gun point. the boys later to be found 7 and 11 years old. demanded money and her phone. >> i was afraid he would shoot my tires or window. i didn't think i was safe. >> brian: the boys were caught and turns out the gun was not loaded it is not known how they got the gun. they were turned over to their familis and the case is expected to go to jv court. >> brian: two students are accused of b
: the latest export from china seems to be college students. more and more chinese scholars are attend iting american institutions these days. supporters say it helps the university pay their bills but critics argue this trend has a downside. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >> harris: the hottest new thing in china seems to be the student, and at a time when student loan debt is greater than credit card debt, schools are increasingly looking overseas for a boost. according to a recent report, college kids from china now make up a quarter of all international students in american universities. the schools claim it helps with thei
or others in this work which is deeply disturbing, we need china's help, we need china's cooperation. and perhaps the only way that we can get china to cooperate that china understands that the north korean threat escalates a military presence in the region and that's something that china desperately doesn't want to see. but we have to make it clear that as north korea continues to capos a risk to us and a greater risk to us with missiles that could possiblily hit our shores. and that puts significant pressure on china in terms of its fuel supplies to north korea and other leverage that they can act in a way they really need to and they can act responsibly. >> congressman adam shift, always great to have you on the program. >>> the states must decide if they can create their own insurance marketplaces as part of the federal health care reform law. at least 20 states have already said they have opting out. it is a way for consumers to put private health insurance plans online. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated
want to point out that there was eaks lent story, i believe on npr, about a rampage in a china school in which a madman went after children in a school with a knife and he stabbed over 20 of them, but none of them died. and that's the key difference. when you have an automatic weapon that you can rapidly reload, when you have a gun, it kills. it kills more easily. it's hard to stab people to death. >> certainly you're not suggesting that a communist society rules are what we should follow. i mean, a mentally disturbed man stole guns. i haven't been shown any piece of legislation that is going to change that. if there was a gun law that would change the fact that a mentally disturbed man couldn't steal a gun, i would be for it, but the simple fact is, judy, i don't care what law you're going to put in place, the mentally disturbed man is going to steal a gun. >> you can't abolish-- >> he didn't have to steal it, he took it from his mother, what happened in columbine, took them from their parents and the n.r.a., i consider to be a completely utterly destructive organization in this soci
's claim that -- mitt's claim that jeep was moving its production to china causing a flood of negative press directed at mitt. of course it did. only the american media could see this little flubb as worse than the bungled aftermath following the death of four americans in benghazi. forget the other liberal lies that paul ryan pushes grannies off the cliff, remember that? or mitt murdered a guy's wife. that was fun. media is a sad middle age man at strip club overcome by obama lust diminished by stupidity. the emperor has no close clothes. all they can do is keep whistling. why every news outlet ran with the fake award. the blog claims the public expressed collective outrage and they must mean male bloggers with ponytails. saying this is the real lie but it's worse than a lie. abetting the obama coverup, the media is an accessory after the fact. we still don't know where this video idea came from, i will never stop. don't you think that is worse than a crack about jeeps shipped to china? the politifact lie of year award should go to politifact. congrats. covering up "o"'s mistake is yo
. >> could your tax dollars has tax companies expanding. there's one problem. it's in china. >> welcome back. it is 20 minutes after the top of the hour. solar companies are expanding in china. they made 807 million in tax payer dollars. it is supplying two mega cawatt of panels in person china. sun power received nearly $540 million. 15 million in a chinese mproduc. kept a log of your private text messages. it could happen if police want their way. they passed a law requiring all carriers to keep your conversation for at least two years. patti ann? >> heather, a virginia auto zone is under fire after firing an employee who saved the store manager's life. a serial robber held a manager at gun point. he ran to his car and grabbed his legal gun ran back in and confronted the suspect. the would be robber fled. instead of being hailed as a hero he was fired for violating auto zone policy. >> they fired me because i re-entered the store with my personal weapon. they have a zero tolerance policy against employees having weapons in the store. >> so is auto zone's actions legal? we have alex felix.
. export orders, a sign of weakness there and in china and in some of the pmi figures that we got across europe. so the theme that is emerging, while germany even showed some signs perhaps of strength in its service sector, there's still concern about global growth prospects. for that reason, all the more reason why perhaps it's important for policymakers to be proactive, including mario draghi. back over to you guys. >> thank you for that. who is going to be the squawk perpendicular of the year, joe? >> you mean if we pick one? >> if we pick one. >> we have to pick one that's not obvious. >> like mcafee, maybe. i had an opportunity to pick business person of the year and i picked richard scrusi. it's so hard to find an honest cfo. remember the guy that helped out? i think he was on his way up the river or something. you have to pick it so there's an edge to it. >> like leo apatae or something like that. >> no, like mcafee. i didn't mention that, but he may get the squawk person of the year award today. it depends on how he answers your probing -- your father was a litigator, right? >> t
economically, china being the biggest case of this, turning out millions of engineers, scientists, jumping up in productive and technology and they made some interesting calculations of course, the numbers are, you know, a little bit subject to question, but they're trying to add up the factors that create global power, whether it's the size of the economy, or the amount of research and development countries are doing, or the level of education of the population or the military. so basically we see that the u.s. that was so dominant 40 years ago, we know that our dominance has been going down relative to other countries is basically going to become one of a few superpowers, but not only the superpower. >> so other countries are catching up. how does that have to do with what we all talk about as the decline we see happening here and how real is it? >> i think what this report rightly stresses is that there are a number of things going on. one is that others are catching up. and the other is that we have got many problems that we're not attending to. >> what is for real? >> one thing that's fo
.n. security council. it's likely china will try to water down those provisions but it's also certain that the provisions will pass. >> you don't think china will try to veto it? >> i don't think they will veto it. they don't want north korea doing this. >> china is the only ally that they really have. i wonder, do you think it's possible they didn't inform china in advance of the timing of this launch? >> it's possible they did not. people now suspect that the information that we had that north korea was moving its rocket, something was wrong with it, was it an intentional deceptive move? they thought there would be attempts to shoot it down. they wanted to fool japan. they succeeded. >> and it certainly does strengthen the new young leader kim jong-un domestically. >> absolutely. they have been trying since 1998 to launch a long-range missile and they failed in the previous four attempts. they succeeded in this. it's not a rocket that can deliver a major warhead. there are marriajor hurdles to >> they have done in north korea where a lot of people are starving what south korea has b
on sale today, in the world's biggest smartphone market, china. that country is hugely important to apple, which has seen its stock price slide lately. only the u.s., in fact, buys more apple products. and china accounted for almost $24 billion or about 15% of apple's revenues in the past year. >>> and it's no secret that apple and other tech companies pay well. it turns out even their interns are scoring big bucks at facebook. >> business insider reports facebook pays interns more than $5,600 a month. and that ends up being about $67,000 a year, yep, for being an intern. that's about $25,000 more than the average u.s. worker makes. >> here's your application. and i printed one out for me. >>> when we come back, the guests who got a lot more than they expected at one golden corral. >>> and some sad faces this morning in philadelphia, after yet another disappointing performance by those eagles. introducing nook hd - the world's best 7" tablet made for reading and entertainment. your favorite magazines and catalogs look better than ever. and with scrapbooking, you can save the things you lo
him. five republican votes short of the 66 needed. conservatives say countries like china with a poor human human rights record would get a pass. >> what it does do is allow their leaders to falsely present themselves as forward leaning on disabled rights. >> no. >> reporter: and for some no votes, politics. the risk of a gop primary challenge got in the way. >> to vote for anything that is even perceived to be granting the u.n. power is a dangerous game for republican senator. because the urn is so unpopular among the republican base, they could be asking for a challenge for fr their ideological right come 2014. >> and that was kelly o'donnell reporting. >>> now to the pre-nomination fight over the next secretary of state. the president says he has not made a decision yet, but he insistses continued criticism of u.n. ambassador susan rice will not affect his choice. >> have republicans' attacks against susan rice sort of boxed you into a corner, would it look like a sign of weakness if you did not appoint her to secretary of state? >> no, i don't really spend a lot of time on what fo
but the conference in dubai raises a specter of nations including iran, china, russia and others agreeing to live under the u.n. rules, what critics call restrictions. while the u.n. --. pardon me. while the u.n. maintains this is not about controlling the u.n. the critics say it is part of a red drip, drip regulation that will chip away internet freedom. >> even if internet freedom escapes this conference in dubai, this is just a stepping steen from countries like china, russia and other arab states they have been patient for the last 10 years and several years going forward they will continue to be persistent. >> reporter: the u.s. has a sizable delegation in dubai, about 1650 people. in simple terms they want internet regulation off the table and want the u.n. body to stick to networks already regulated so the telecommunications networks, phone networks but just leave the internet neutral if that is at all possible, jenna. jenna: we'll see what comes out of this conference. catherine, thank you. >> reporter: you're welcome. jon: imagine having a direct line of communication with the pope? it i
ask you about some other stuff. japan rising. europe stocks doing very well. china stocks having a bit of a comeback year. in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately,
obama is targeting gun rights in the second term. a little later, china great wall of cash is revitalizing the struggling u.s. housing market. but is that a good thing? we'll investigate. >> special olympics. >> in a worthy cause, i tackle my fear of heights for the special olympics. each week they use the headquarters as profiles people helping people and we will introduce you to a special athlete. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >> shannon: egyptian president mohammed morsi set a date for draft constitution, but the draft is hanging in legal limbo. the highest court is postponing its ruling on the legitimacy of the assembly that wrote it because they fear the protest happening near the court. opposition groups continue to protest morsi's power grab while supporters are protesting action by the court. come thursday, adults in washington state wil
of the hearing. >> thanks. >> bret? >> this is a miss to china's people's daily largest newspaper i think in the world which picked up an item in the american media called kim jong un, the media, and came from the satire cal newspaper "the onion" sometimes things were lost in translation and this was irony. >> that's funny. >> the largest black hole ever seen in the galaxy, the size of 77 million suns, it's 250 million light years away from the earth and it's incomprehensible. what i like most about it though, it's rather humbling. >> paul: i thought you were describing washington. >> that's not humbling, fright any. >> paul: but it is
but it gets funny yes, sir than that. the people of daily china's largest legitimate newspapers picked up the story and ran it for real along with 50 pictures of the guy. sarcasm totally lost on the chinese editors. with his devastating round face and strong sturdy fame. he a heartthrob is everyone's dream kon come true. a cute cuddly side. he made the edito
pretty who did it? that is the scandal. >> who lost china? >> the u.n. votes for palestine as a non-voting observer state. >> progress cannot be made by pressing agree voting button in this hall, nor does passing any resolution to create a state where none exists or change the reality on the ground. >> speaking of susan rice, there she is, the u.n. ambassador to the general assembly voted on thursday by a large amount and to upgrade palestine from its status as an observer entity to an observer state. the united states opposed this, as you just heard from susan rice. why is it a bad idea? >> the united states and israel put intense pressure on abbas and the palestinians not to bring it up, and the palestinians had already decided to bring it up. there is a rule in politics -- when you have the votes, a vote. they have the votes. i believe behind it was an attempt to buttress and support the palestinian authority, which has been eclipsed by hamas, it is strengthening its hand -- into strengthening its hand, that hamas had become the paramount force in the region. >> i believe this is
rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a trip to a daimler truck factory in redford, michigan. this is what he said. >> this so-called right to work law, they don't have to do with economics, everything to do with politics. what th
unions d, as mark said, create a middle class. the problem is international competition. once in china and japan and all these countries start making stuff cheaper, it is problem for unions, and that is just a reality. >> it is also reality that some of that manufacturing is coming back, and not because of low wages. because of transportation costs, innovation, all kinds of things. what bothers me about this vote is that it was ught and paid for by a few wealthy people. the leader of the senate, the governor, both on record not want to do this initially . they did it turn around. and lost five seats and the legislature. >> you can look for all the conspiracy's you want. the fact is that michigan was adjusting to exactly the reality that evan isalking about, globalization. i think was glory days for the unions 94 is, 1950's, 1960's, when the rest of the world was devastated by the second world war, we had a monopoly and, yes, great benefits to it the problem is that when you have global competition, you are uncompetitive. detroit went bankrupt but the southern transplants did not. here
for parts of the hearing. >> thanks. >> bret? >> this is a miss to china's people's daily largest newspaper i think in the world which picked up an item in the american media called kim jong un, the media, and came from the satire cal newspaper "the onion" sometimes things were lost in translation and this was irony. >> that's funny. >> the largest black hole ever seen in the galaxy, the size of 77 million suns, it's 250 million light years away from the earth and it's incomprehensible. what i like most about it though, it's rather humbling. >> paul: i thought you were describing washington. >> that's not humbling, fright any. >> paul: but it is incomprehensible. >> 250 million light years away from anybody's experience. >> paul: okay, remember, if you have your own hit or miss, please send it to us at jer@foxnews.com and be sure to follow us on twitter at jer, on fnc. that's it for this week's show. thanks to my panel and all of you for watching, i'm paul gigot, hope to see you here ne >> . >> jamie: on fox news watch. ambassador susan race made the rounds on capitol hill to try to spin he
to bangladesh. they used to produce a lot in china. they've decide wages are too high in china. they moved toward bangladesh which has the world's lowest minimum wage for a country that does serious manufacturing about $37 a month. and walmart sears other countries look to bangladesh because they want to produce apparel at the very lowest cost and they're worried if they invest a lot more in, say in wages or fire safety, that might force them to pay $5 a shirt rather than $4 a shirt and they worry that will make them competitive. my sense is having to talk to experts is western companies import about $18 billion worth of apparel each year from bangladesh and it might cost a billion or $2 billion to get several thousand apparel factories in shape to prevent fires, to provide fire escapes to provide good, safe stairways for people to come down. and i think the thinking is that might raise the price of apparel by 2%, 3%, which wouldn't kill us if we have to pay 50 cents more for a $20 shirt. >> jennifer: that's the iss
and found 23 baby snakes. and an 8-foot long mom. china. a set of four rare stamps fetching more than 800,000 bucks at an auction in hong kong. issued in 1968 they incorrectly show a communist china that excludes taiwan. they were almost immediately withdrawn which is why experts say the surviving set is so valuable now and that's a wrap on this fox trip around the world in 80 seconds. well, come on out, it's probably safe to get out of your bunker now. the world has not. what do all those dooms day sayers have to say now? that's coming up. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. more to each other to commit -- the thing i expect to happen today apart there from this wonderful gathering is the birth of a new age and hopefully that's going to the new age with new ideas and new thought processes that don't involve destroying the planet on which we live. >> the planet is his goddess. those are the people who make me proud to h
. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is th
or machete does the same. look at china. look at what they are doing to school kids in china today with aged weapons do. we register those? >> although the lethality is different there. >> how many were killed most recently in china? >> 27 were stabbed and they all survived. none died. >> they have other lethal ones as well. >> there were several multiple killings with -- >> we'll return to this topic tomorrow and talk about regulation. but i would love to have you both back at the table and you guys as well. ta-nehesi coates, richard lucibella, haley elkins and jackie hilly. thank you. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urin
and resilient, and companies are bringing back production from china and mexico because this is looking like a much stronger country in which to invest and build. those are very encouraging signs for the american economy. and people running america's businesses would say they are in the strongest position they have been in maybe a decade in terms of the ability they have to expand and grow. and if we are able to lift this threat, big tax increases on middle class americans, lift this threat of periodic threats of default, lift this threat of badly designed deep austerity on the spending side up front, then i think there's enormous potential for the american economy to grow faster going forward. >> and if you don't, the stakes, the consequences, are severe? >> oh, yeah. to go over this fiscal cliff, because republicans won't raise taxes, tax rates on the wealthiest 2% of americans, would subject the average american to big tax increase and enormous damage from the other cuts that would happen. and there's just no reason why the country has to go through that. and we have a chance to do someth
an originator of new kinds of policies. if you take, for example, china policy i think that he may be reluctant to react to a china which is very different from the way it was in the past. >> brown: let me bring david ignatius back. i guess it depends on what you think is needed right now, right? >> i think the world's a mess as kerry believes. he's right. and needs a strong american voice. needs the sort of steady hand that some of these experiences can bring. i point i would make about kerry is that although he often comes across as a stiff, as an establishment figure very form layic, in terms of shall ideas an willness-- willingness to engage adversaries, reach out and try to find a channel to iran, for example, reach out to the palestinians, try to think of new ways to deal with the arab world, kerry is on the more innovative side. so i think he is not going to be a wild radical-- the country will miss having someone like susan rice who is a younger, different voice. but i think that kerry-- it's wrong to think of kerry of just being a throwback to 30 years ago. >> brown: is it clear still
think broadly of markets like china and brazil. these are markets that started to increase monetary easing. that have started to restructure their economies and certainly we think china has avoided very nicely a hard landing and will be back for growth track next year. >> talk to me about getting yield. that what everybody want right now. how are you doing it? high yield or investment grade securities or where? >> we are underweighted and they don't provide much of a yield these days. they are on high yield and we've had a barn burner of the year with high yield. we still think you can get high digit returns in 2013. and we are looking at global infrastructure in real estate as providing a nice sustainable yield for investors. >> the big debate down here for the past couple of days after the fed made its announcement is whether or not that will prick the bond bubble. where whether we are in a bond bubble or whether there was a bond bubble. where do you stand on that? >> it's interesting. when i think after bubble, i think of something that can burst and drag values down to zero. one
in germany or alabama. want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have a job so you're ge
china' is modern chinese food. right before your very eyes. >> people want to come here and they want to taste our food. and you can sit up close. with a giant and to check up this call is longevity them with a wonderful memories. we want them to come here and have a dining experience. we want them to come back again and again and again! >> she has been here three times in one week. >> i like this very much i am experimenting. >> the black truffle dumpling. and a giant ancient bell he shakes it up. my giant is the crab and the veggie noodles www.kron4.com enjoy life! vicki liviakis... >> coming up the madness around union square. it's >>catherine: the bay area's favorite way to ring in the new year. is always with kron 4. we'll have the biggest parties and best fireworks. i'll be hosting new year's live with gary radnich. it should be a lot of fun. see you on new year's live - starting at 11:30. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's
. >>> good morning, terrell. a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained more than half a percent. tock owe's nikkei shed a fraction. concerned about washington's fiscal talks pushed wall street stocks lower. the dow finished down 74 points on thursday. the nasdaq lost 21 points. >>> swiss bank ubs is said to be in talks to pay a $1 billion fine to settle allegations of rigging a key interest rate benchmark. ubs is accused of manipulating the libor to boost trading profits. the rate affects trillions of dollars and loans including mortgage rates. barclays paid a $450 million fine to settle similar allegations last june. >>> consumers are spending more, but the results are mixed for retailers. the commerce department said on thursday that retail sales increased 0.3 in the month of november from the month before. the increase is due in part to hurricane rebuilding in the northeast. the report says online shopping surged, but department store sales declined. >>> in new york, raising your arm in the middle of the street and
to china at the cost of the american jobs. ♪ lie, lie, lie ♪ ♪ you are a liar ♪ ♪ liar, liar pants on fire ♪ >> untrue statement of the entire year in politics. ♪ born born to liar ♪ ♪ born to be a liar ♪ >> stephanie: yay rocky mountain mike! [ applause ] >> stephanie: jacki schechner news woman extrordanaire. >> she's writing newscasts over here. >> stephanie: i don't care. >> i'm here. >> she needs time to make up the news. >> i'm picking up on the [ inaudible ]. >> stephanie: she is the one that decided to come in so i would bother her all morning, jacki. >> little delay in audio there. >> stephanie: yeah but this is a great piece. thomas mann and norman ornstein wrote a great piece -- [♪ "world news tonight" theme ♪] >> stephanie: how the main stream media bungled the biggest story of the campaign. >> they used words like miss information. or questionable. or -- >> stephanie: right. >> why don't you say lie? it's quicker, easier zippier, and it's true. >> stephanie: right. even polititfact that's when it has gotten really sad -- >> well, both sides do it.
of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly different view of him and his politics. >> the truth of the matter is that my policies are so mainstream that if i had said the same policies, i have had been considered a moderate republican back then. lou: i don't know whether he believes that or not. it is great have a team with us. >> i'm not sure he could have gotten elected 25 years ago as a kid. obviously, he was pretty social step backward in time. lou: he says he has outgrown all that. >> by the definition of what you are, he is pretty left-sided as far as i'm concerned the. lou: the idea that the president came back in the so-called negotiations. it is either a farce of this process or whatever you want to call it -- but telling speaker boehner that all he really wants your is $1.6 trillion in tax
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